BAINBRIDGE OHIO MARKETING REPORT - FIRST QUARTER 2009
The first quarter has been rather slow in terms of overall sales in the Bainbridge real estate market.
Specifically, only 9 homes have officially sold in 2009 compared to 18 during the first quarter of 2008. Here is a comparison between 2009 and 2008:
A COMPARISON OF FIRST QUARTER HOMES SALES - BAINBRIDGE OHIO 2009 VS. 2008
| Ave. Sale Price | Ave. Price Sq./Ft | Ave. Market Time | |
| 2009 - 9 sold | $305,333 | $86.98 | 124 |
| 2008 - 18 sold | $331,988 | $110.97 | 163 |
SUMMARY
First quarter sales are typically the direct result of buyer activity during the late fall and early winter months. Overall, this period was slow area wide. However, there are 13 homes currently under contract in Bainbridge. Of these 13 homes, 4 would be considered luxury homes, as they are priced over $500,000. This is a good sign of recent activity.
In addition, 26 homes have gone on the market over the last 3 weeks. This may be a sign that sellers are no longer afraid of unfavorable market conditions and have confidence that the spring market will bring buyers.
Conversely, home buyers will have additional homes to choose from, many which are priced very competitively. It is a fantastic time to be a buyer in this market.
Check out Market Reports for other nearby suburbs:
Beachwood Ohio 2009 First Quarter Market Report
Moreland Hills Ohio 2009 First Quarter Market Report
Orange Village Ohio 2009 First Quarter Market Report
Pepper Pike Ohio 2009 First Quarter Market Report
Solon 2009 First Quarter Luxury Home Market Report
Solon 2009 First Quarter Market Report All Homes
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About The Authors:
Dan and Amy Schuman reside in the eastern suburbs of Cleveland. They use their home staging expertise to sell listings quicker and for more money. The average home in the Cleveland area sold in over 100 days in 2008 and the Schuman Team's listings sold in less than 60 days.
The Schuman Team specializes in luxury homes. They are founding members of the Luxury Home Consultants of Keller Williams Realty Greater Cleveland and also members of the prestigious Institute for Luxury Home Marketing, the premier independent authority in training and certification for real estate agents working in the luxury home market. They also work extensively with buyers and sellers who are relocating in or out of the area.
If you are looking to buy or sell a home in Bainbridge,Beachwood, Moreland Hills, Orange, Pepper Pike, Solon, or the surrounding Eastern suburbs of Cleveland, please contact the Schuman Team as they would be happy to show you why people love working with them.
To see all homes currently on the market in the Cleveland Ohio area, click here. For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.
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